Multiple measures taken in various regions to drive industrial economy to perform well as the "first stick" of the new year
2025-01-09
Industry is the mainstay and growth engine of the national economy, and stable industry leads to stable economy. Recently, Fujian, Henan, Chongqing and other places have made important arrangements for the development of industrial economy in the first quarter of 2025 through holding meetings and issuing policies. For example, on January 6th, the General Office of the People's Government of Henan Province issued the "Several Policy Measures to Promote a Good Start to the Economy in the First Quarter of 2025", proposing specific measures to stabilize the industry, such as "providing a financial reward of 100000 yuan to industrial enterprises above a certain scale that produce at full capacity in the first quarter of 2025; and providing a financial reward of 200000 yuan to industrial enterprises above a certain scale that produce at full capacity in the first quarter of 2025 and achieve a year-on-year increase in operating income of more than 10%". Providing real rewards or subsidies to enterprises is a major highlight of this round of work deployment. He Daixin, Director of the Finance Research Office at the Institute of Finance and Economics Strategy of the Chinese Academy of Social Sciences, told reporters that enterprises are the main force driving industrial economic growth. Providing rewards and subsidies to eligible enterprises is conducive to motivating them to increase research and development investment, support technological innovation, optimize industrial structure, and provide support for economic growth. The construction of key projects is another highlight of this round of work deployment. Taking into account the situation in various regions, including the need to promote efficient transformation of key projects; Make every effort to promote the production and efficiency of related industrial projects, and quickly generate more physical workload. When deploying industrial and economic work, local departments need to take into account the transformation and upgrading of traditional industries, the cultivation and growth of emerging industries, and the forward-looking layout and early accumulation of future industries. All three aspects often need to make progress or breakthroughs through key project construction Associate Professor Liu Chunsheng from Central University of Finance and Economics told reporters that the construction of key projects is a key lever for the smooth start of the industrial economy in the first quarter, which can lay a solid foundation for subsequent development. Focusing on key industries and their industrial added value performance is another highlight of this round of work deployment. Reporters have found that the key industries of concern vary in different regions. Some focus on industries such as automobile manufacturing and specialized equipment manufacturing, while others focus on industries such as oil and gas extraction and agricultural and sideline food processing. Multiple interviewed experts have stated that the development foundations, resource endowments, technological innovation capabilities, and industries relied upon vary across different regions. Key industries are the "ballast stones" that stabilize the foundation of the industrial economy. They are large in scale, strong in driving force, and highly correlated, and have a significant driving effect on local industrial economic growth. Stabilizing the industrial added value of key industries also stabilizes industrial economic growth. The sound and orderly development of every link in the industrial economy, from enterprises, projects to industries, cannot be achieved without sufficient financial support. How can various regions guide capital to enter the industrial sector in the first quarter of 2025, thereby driving significant growth in industrial investment? In response, Tian Huimin, a special researcher at the Beijing Reform and Development Research Association, suggested in an interview with reporters that relevant local departments should formulate detailed policies for industrial investment, clarify preferential measures and main support areas, and strengthen supervision of policy implementation; Make good use of the "two new" policies (large-scale equipment updates and consumer goods trade in), and encourage all types of enterprises to actively participate in large-scale equipment updates; Intensify investment promotion efforts, deeply carry out industrial chain investment promotion and point-to-point precision investment promotion. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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